Economic Buzz: Disruption In Farm Supplies And High Fuel To Hurt Household Budget Says ASSOCHAM

Due to the ongoing farmers protest, any disruption in supply of essential agri products including fruits, vegetables and milk, along with a high auto fuel prices, is bound to hit the common household budget, said the ASSOCHAM, making an appeal to the government to reach out to farmers.

Hopefully, the situation would be handled well with assurance to the farmers about their grievances which mainly relate to a fair and remunerative price for their produce. I am sure, there can be no two opinions about improving the lot of farmers who are the backbone of the Indian economy, but a sudden disruption in supply can do harm to the entire distribution chain which is under pressure because of increasing cost of transport that is reeling under the high cost of petrol and diesel, said the Chamber Secretary General Mr D S Rawat. According to the chamber, the consumers of petrol and diesel and those suffering their cascading effect, want sizeable cut in the level of taxes on petrol and diesel , both at the Centre and state levels.

The level of awareness among the households about the kind of taxes on the automobile fuel has increased , thanks to the mushrooming growth of social media. The response time has also quickened so much so, that the solutions to even the vexed problems are expected sooner than later.